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Deductions & credits
If your businesses are substantially connected then they can be joined together in order to calculate your QBI deduction. In some cases this can result in a higher QBI deduction and it also reduces the amount of paperwork involved.
Here is a good article on QBI aggregation. Just note that if you do choose to join the two businesses together for QBI purposes then you have to keep them that way.
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March 29, 2023
1:13 PM